Global Tobacco Market to Reach 9.8 Million Tons by 2033, Impelled by Launch of Innovative Variants

November 29, 2024 | Retail

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IMARC Group’s latest report, titled “Tobacco Market Report by Type (Cigarettes, Roll Your Own, Cigars, Cigarillos, Smokeless Tobacco, and Others), and Region 2025-2033,” finds that the global tobacco market size reached 8.8 Million Tons in 2024. Tobacco refers to a stimulant prepared by curing the leaves of the tobacco plant through the process of drying and fermentation. It contains a colorless volatile alkaloid, also known as nicotine, which acts as a depressant and is associated with elevating the heart rate, constricting peripheral blood vessels, irritating lung tissues, increasing blood pressure, and affecting brain functions. It also triggers complex biochemical and neurotransmitter disruptions. Tobacco is consumed as snus, snuff, cigars, shisha, cigarillos and cigarettes, while chewing tobacco is one of the popular forms of tobacco consumption.

Global Tobacco Market Trends:

An increase in the number of smokers on the global level due to hectic lifestyles, inflating income levels, and early exposure to tobacco products represents the primary factor bolstering the market growth. In addition to this, the leading tobacco companies are launching modified and targeted products by conducting surveys to assess the requirements of their consumer base. For instance, they have introduced long, skinny, and lightweight cigarette variants aimed at female consumers. Moreover, a strong distribution network of tobacco companies, particularly in countries like China and India, is contributing to the sales of their products. Furthermore, manufacturers are engaged in research and development (R&D) activities to develop low-risk tobacco products, owing to the rising health awareness among consumers. However, the popularity of e-cigarettes among young consumers and several government initiatives to promote healthy lifestyle habits are expected to hamper the market growth. Looking forward, the market volume is projected to reach 9.8 Million Tons by 2033, expanding at a CAGR of 1.2% during 2025-2033.

Market Summary:

On the basis of the type, the market has been categorized into cigarettes, roll your own, cigars, cigarillos, smokeless tobacco and others. Amongst these, cigarettes are the most popular product type, holding the majority of the total market share.
On the geographical front, China holds the leading position in the market. Other key regions include India, Brazil, the United States and the EU 15.
The competitive landscape of the market has been examined, with some of the key players being China National Tobacco Corporation, British America Tobacco, Phillip Morris International, Japan Tobacco International and Imperial Tobacco Group.

Report Coverage:

Report Features	Details
Base Year of the Analysis	2024
Historical Period	2019-2024
Forecast Period	2025-2033
Units	Million Tons
Segment Coverage	Type, Region
Region Covered	China, India, Brazil, United States, EU 15, Others
Companies Covered	China National Tobacco Corporation, Phillip Morris International, British America Tobacco, Japan Tobacco International and Imperial Tobacco Group
Customization Scope	10% Free Customization
Post-Sale Analyst Support	10-12 Weeks
Delivery Format	PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Tobacco Market to Reach 9.8 Million Tons by 2033, Impelled by Launch of Innovative Variants

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